Jump to content
Sign in to follow this  
mike Meehan

The Americans Making their Rules to Suit Themselves.

Recommended Posts

https://uk.finance.yahoo.com/news/us-not-playing-fair-trade-093349003.html

 

I have long suspected this to be the case especially when you consider that back in circa 2007 the Americans were selling on 'Toxic Debts' from their dubious mortgage systems, which I personally consider to be fraudulent, and these kick started the economic crisis of that time - as far as I know there was not any action taken against their own banks and financial institutions, though some did go 'bust'.

 

Yet when outside banks are bending the rules they end up with swinging fines which I expect that if they wished to continue trading in the US they have no choice but to pay it up.

 

Is that the Americans have one rule for themselves and another for everybody else?

Share this post


Link to post
Share on other sites

Of course the US lives by it's own rules, it's by far the richest and most powerful nation in the world. We did the same thing before the empire fell.

Share this post


Link to post
Share on other sites

 

Of course the US lives by it's own rules, it's by far the richest and most powerful nation in the world.

 

Not for much longer

Share this post


Link to post
Share on other sites

Not for much longer

 

Technically, sure. But militarily China and India are nowhere near it. And even then, there's little way to enforce rules on America.

Share this post


Link to post
Share on other sites
Guest

Technically, sure. But militarily China and India are nowhere near it. And even then, there's little way to enforce rules on America.

Is that where a large debtor has more clout that a large creditor i.e. they have the power to have you by the short and curlies if they renege on the debt.

Share this post


Link to post
Share on other sites

Is that where a large debtor has more clout that a large creditor i.e. they have the power to have you by the short and curlies if they renege on the debt.

Pretty much. China can dump US debt and screw them but in doing so they'd at the very least suffer a massive loss in exports and realistically, it would mean war.That said there's no evidence China wants to screw the US anyway, its quite happy to play the capitalist game.Now Russia I don't trust but their unimportant.

Share this post


Link to post
Share on other sites

Pretty much. China can dump US debt and screw them but in doing so they'd at the very least suffer a massive loss in exports and realistically, it would mean war.That said there's no evidence China wants to screw the US anyway, its quite happy to play the capitalist game.Now Russia I don't trust but their unimportant.

True, China basically owns America but can't afford to call in its debts just yet. In a nutshell china buys US debts because it needs to continue producing goods to fuel its own economy. America is on borrowed time as no1 

Share this post


Link to post
Share on other sites

But the key to future growth of China, and the world, is not necessarily about money but mineral production. Just one example is coal (could easily be copper).

 

In 2013 China and India together imported million 364 metric tons, twice as much as the imports of Japan in 2010 when Japan was still biggest importer worldwide. Only 10 years ago China was exporting 70 million metric tons.

 

Could explain the huge investment in solar power in those two countries.

Edited by knocker

Share this post


Link to post
Share on other sites

True, China basically owns America but can't afford to call in its debts just yet. In a nutshell china buys US debts because it needs to continue producing goods to fuel its own economy. America is on borrowed time as no1

not strictly true us owned assets globally far exceed those of china or Japan or any other nation

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...